Harbinger Founder’s Wife Accused Of Abuse, Homophobia

Feb 19 2010 | 1:15pm ET

The wife of hedge fund honcho Phil Falcone has been accused of abusing and sexually harassing their former house manager.

William Gamble filed suit against Falcone, who heads Harbinger Capital Management, and his wife, Lisa Maria, in Manhattan state court, accusing the latter of making sexual advances toward him and then assaulting him when they were rebuffed, the New York Post reports. Gamble, who is gay, also said that Lisa Maria liberally peppered her language with homophobic slurs around him—almost from the moment he was hired.

According to Gamble’s lawsuit, Lisa Maria asked him about his sexuality at his first interview for the job, which he began two years ago.

“Falcone thereafter saw fit to utter homophobic comments directed at gay people in general and [Gamble] in particular,” he alleged. She complained that Gamble “did not live up to her idea of what a stereotypical gay man should be” and once said all he needed was “a good fuck” to change him into a heterosexual.

The last straw—barely two months into his tenure—came during a family trip to their Caribbean estate that March. Gamble said “a visibily inebriated Falcone” attacked him, “forcibly pushing her hand down his pants to grab his genitals.”

“When rebuffed, Falcone struck [Gamble] three times with her hand forcefully enough to leave deep bruises on his abdomen.” Upon their return, Gamble said Falcone became “increasingly hostile,” and he was fired on April 4.

"This is an absolutely false, baseless lawsuit which is nothing more than a transparent attempt by a disgruntled former employee, let go after two months, to extract money," a Falcone family spokesman said. "Phil and Lisa Maria have zero tolerance for discrimination of any kind and any suggestion to the contrary is completely untrue, as are all the other allegations in the complaint."

Separately, the family behind Harbert Management, which co-founded and seeded Harbinger, has settled an ugly dispute between siblings.

Marguerite Gray, daughter of the founder of the Harbert Corp. construction company, had sued her brother Raymond Harbert, accusing him of taking control of what was left of the construction company to founder Harbert Management, which in turn co-founded Harbinger.

Gray’s lawsuit was settled out of court yesterday. Terms were not disclosed.


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Griffin Donates $1M To Rauner's Illinois Gov. Campaign

Sep 22 2014 | 9:29am ET

Hedge fund billionaire Kenneth Griffin definitely has a dog in this fight. The Citadel...

Guest Contributor

Top 5 Predicted Outcomes Of CalPERS' Hedge Fund Divestment

Sep 22 2014 | 8:35am ET

CalPERS’ announcement to divest of hedge funds has created a significant buzz...

 

Videos

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.